Or is that spreading myself too thin? Little sums all over the place never seem to add up for me. Hmmmm…

Maybe I should go all in and say “to hell with it all” and stop contributing entirely?

Based on the success of my weekly transfers, I’m confident in my ability to continue to invest on a regular basis and this way, if needed, I’d have access to the money in the instance that I needed it. That’s not an option under the current strategy.

Another strike against the 401k plan that I have is that my investment options are very limited. I’m pretty certain that I could do better picking out mutual funds on my own rather than being stuck picking from a handful of investment options that I’ve never even heard of. That’s not a knock against my employer — it’s just another gripe I have towards for John Hancock.

The other upside is that my paycheck would go up considerably and my cash inflow would be far in excess of anything I’ve ever experienced. Kinda like giving myself a 15% raise!

Sure, there’d be that tax issue that I mentioned, but let’s be real — I’m not raking in millions so the realized number would be insignificant over the span of an entire year.

That, and now that I’ve got a sizeable amount in savings, if my regular paycheck deductions don’t cover the difference on their own, I’m sure that I could swing it.

Besides, I just had a kid last month. Doesn’t that line me up for a sweet tax break or something? (Based on the mortgage interest lie, I’m not holding my breath on this either…)

In the end, the last two options are obviously the most attractive to me right now.

Based on a gut feeling, right this minute, I’m thinking that I’ll lower my 401k contribution to around 5% just to keep my foot in the door and pocket the rest to do with what I please. (Yep, accelerate the mortgage!)

@Little People Weath Right now they’re claiming that they’ll make a decision on a year-by-year basis.

Problem is, the way they deposit the employer match, we’d only find out if they’re matching after we’ve already contributed — and they’d already know in advance with certainty how much a match would cost them.

Combined, it’s a bit too much of a gamble on my end to count on them making the match and when they know exactly how much it will cost them before committing, I can’t imagine a scenario where (or why) they’d reinstate it in the short term, if ever.

My company stopped matching at the end of May. I’m guessing that they will probably not reinstate it. Oh, well. Actually it was the first company I ever worked for that had a match, so I got to enjoy it for one who year!

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